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16 September 2017 | 12 replies
Matt Horwitz provided you with the perfect step by step procedures to establish your LLC.
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10 January 2012 | 10 replies
Be sure they are responsive to tenant requests/complaints, and they know the legal procedure for eviction.If you are looking for prop mgt for larger properties, then go to irem.org and use their search thing to find managers in your area.
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25 January 2012 | 4 replies
Normally, the tenant has been defaulted procedurally but it always helps to have an idea in your mind how you would prove each allegation in the event the court "gives both parties their day in court".
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12 January 2015 | 6 replies
The 'House Rules' portion of my lease spells out exactly what "cleaning" is under the terms of the rental contract And the minimum number of times the tenant is contractually agreeing to perform the specified cleaning procedures.
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25 February 2007 | 2 replies
What I did with his course was outlined the course then created S.O.P.s (Standard Operating Procedure) each SOP is a way or form/checklist to reference.
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26 September 2014 | 12 replies
The main point is to find a rate and terms that are win-win for both parties, and making sure that making the payments is top priority.Here's some additional information from our procedure manual, where I like to document research and learnings:Family LoanWithout a formal loan document (source: Nolo's Promissory Note for Personal Loan (Installment Payments With Interest), the IRS could argue that there was no loan at all - that the money you gave was really a gift.If you want to secure the loan with real estate, you need a mortgage or deed of trust.
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18 October 2018 | 23 replies
If you can't show that you can pay the loan back, making the loan based on collateral is a waste of time and potential risk since there are procedural errors that can cause collateral tied to a bad loan to improperly get released.
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28 December 2014 | 4 replies
It takes a significant number of units under management to generate a decent primary income.Check out NARPM and their educational offerings.Write a policy and procedures manual for your company.As @Curt Davis said, set limits at to what you will manage.
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5 August 2014 | 29 replies
I haven't had much success getting them to do anything outside of normal procedure, but its worth the few phone calls, especially if you have an inside track from banking there.
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14 December 2017 | 13 replies
We have followed their rules, adjusted to their new rules, submitted to their ever-changing requirements, delays, unorthodox procedures, etc...At this point our plan is to sell the original home with 1acre (hopefully listing mid-January), leaving the remainder with the adjacent home that has the easement and now almost 1.5 acres to short plat.